Do your DD and reach backand do some research... IS it possible that a former junior O&G & Environemntal technology company could convert its self into a Junior O&G explorer... THEN enter into an international JV to develop a suite of Multi Billion dollar oilfields in Iraq without some very deep pockets and very high level contacts driving this from behind the scenes?
WHAT is missing from the Iraq O&G landscape at the moment??? BIG OIL... the likes of Exxon, ConocoPhillips, Total, BP, Royal Dutch Shell...not a single "supermajor" (unless I have missed some news release somwhere... which I admit is likely since I do not really follow the big boys). COULD they even operate in Iraq without becoming targets for terrorism? and the Optics would not be very appealing... for the Iraq Gov't OR the US of A... at least in the eyes of the new wave of regime change going on in the mid-east...
In any case MY point is simply this... money or financing is NOT going to be a problem for SNV... jump on the coat tails of this one and you are not going to be disappointed... the BIG drawback for this is simply patience... IF you have them... you will make money... if you don't... be ready to do a lot of whining and complaining...